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Recent research from the Association of Investment Companies suggests that 78% of investors plan to make use of their ISA allowance this year. 40% plan to use only the shares element , representing a 1% rise since last year, while just over a quarter plan to use both their cash ISA and investment ISA allowance, again representing a 1% increase on the previous year. more

A recent survey conducted by NS&I indicates that the demographic of ISA savers has undergone quite a few changes in recent years. A survey of over 1,200 UK adults revealed some interesting insights into the behavior of savers in the past few years. more

Jupiter posts a profit following public listing

27 August 2010 / by Paul Dicken

The fund management firm Jupiter has posted pre-tax profits of £14.6million for the first half of 2010, two months after becoming a listed company.

Jupiter was listed on the London Stock Exchange on 21 June 2010, and its first half results for 2010 show a marked improvement on the same period in 2009 when the firm recorded a £6.5million loss.

Chairman Jamie Dundas said: “We have had a good start to 2010 with continuing momentum from positive net sales over the first half of the year and investment outperformance for our clients.”

Assets under management at Jupiter increased two per cent to £19.8billion, with a net inflow to funds of £814million; net management fees increased by 30 per cent.

The firm said the initial public offering (IPO) on the stock market had allowed it to substantially reduce its debt, with the half-year report also showing a gain from part disposal of its stake in the Cofunds investment platform.

The performance of funds continued to be high, the report said, with 59 per cent of mutual funds (a managed, collective investment fund) above the benchmark performance over a three year period. The past six months has also seen an improvement in one year performance in these funds, with 71 per cent above the median average.

Chief executive Edward Bonham Carter (pictured) said: “We have seen continued market volatility this year with the FTSE 100 seeing closing levels between 4,806 and 5,825 in the first half, eventually falling 9 per cent across the period as concerns over European sovereign debt and GDP growth stalled the recovery from the lows of 2009.”

Bonham Carter said, while ‘greater volatility’ was to be expected, equities continued to look more attractive than other asset classes, such as property and cash.

He predicted that fund managers with a strong reputation for stock picking had the potential to outperform equity indices, ‘just as many did throughout the last 10 years’.

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This highly popular investment fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.Click here to view latest Fund Facts »

One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off the Standard Initial Fund Charge.Click here to view latest Fund Facts »

One of the UK's most popular income funds, the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.Click here to view latest Fund Facts »

The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge.

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The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below.

Structured investment plan with the potential to mature after years 1, 2, 3, 4, 5 or 6. If the plan matures early it will return 10% times the number of years the plan has been in force. Also available for Stocks & Shares ISA and ISA transfer.

Capital protected deposit plan with the potential to mature after years 3, 4, 5 and 6. If the plan matures early it will return 3% times the number of years the plan has been in force. Also available for Cash ISA and ISA transfer.